The State Treasurer’s Office announced the release of a report by the Southern California Association of Non-Profit Housing (SCANPH) summarizing key insights from a recent series of round-tables on housing for under-served students on community college campuses. Earlier this year, the State Treasurer’s Office and SCANPH, along with the California …continue reading
Legislation that would protect ScholarShare 529 college savings accounts from the enforcement of money judgements by creditors was passed by the Senate on concurrence and now heads to the Governor’s desk for potential signature. The bill, SB 898, is authored by State Senator Bob Wieckowski, D-Fremont, and sponsored by State …continue reading
California State Treasurer Fiona Ma announced the sale of $1.3 billion of revenue bonds for the Trustees of the California State University (CSU) to provide funding for various capital improvements and refund certain of CSU’s outstanding Systemwide Revenue Bonds. “Funds from this bond sale will soon be put into action …continue reading
California State Treasurer Fiona Ma, chair of the California Health Facilities Financing Authority (CHFFA), announced approval of up to $376 million in tax-exempt and taxable conduit revenue bonds for PIH Health, Inc. (PIH) to finance the renovation, expansion and equipping of multiple health facilities in Los Angeles County. PIH also …continue reading
California State Treasurer Fiona Ma, chair of the California Health Facilities Financing Authority (CHFFA), announced approval of the first COVID-19 Emergency HELP loan in the amount of $250,000 for Operation Samahan, Inc. (Operation Samahan) to increase space for a drive-thru clinic for COVID-19 screenings and services and to renovate an …continue reading
California State Treasurer Fiona Ma announced that the California School Finance Authority (CSFA), which she chairs, has launched a new, statewide pooled Tax and Revenue Anticipation Note (TRAN) financing program in support of K-12 school districts, county offices of education, and community college districts. As part of the 2020-21 California …continue reading
California State Treasurer Fiona Ma announced that low-income housing production by California’s 4 percent tax credit program has exceeded last year’s production levels by more than 60 percent. This includes a 42 percent increase in production of housing for those in the Extremely Low Income category (defined by HUD as …continue reading
The COVID-19 pandemic has created economic and personal adversity statewide, including impacting the public education system as we know it, both academically and financially. State Treasurer Fiona Ma and the California School Finance Authority (CSFA) came together to present a webinar “Weathering The K-14 State Apportionment Deferrals – State Budget, …continue reading
California State Treasurer Fiona Ma announced that her office is moving quickly to meet an overwhelming response from 13 counties ravaged by wildfires that are seeking to build new housing. Applications for the credits have soared, in part fueled by rule changes developed by the staff and board members of …continue reading
California State Treasurer Fiona Ma announced that the California Tax Credit Allocation Committee, (CTCAC) which she chairs, is clarifying its regulations to make certain that 13 counties hit by disasters receive $100 million in new federal tax credits. The federal credits, carried by Rep. Mike Thompson, D-Napa, and approved by …continue reading
California State Treasurer Fiona Ma says when it comes to addressing the climate crisis, California is “moving the financial needle” in the right direction. She commended Governor Gavin Newsom in calling for the inclusion of a $1 billion climate catalyst fund in his 2020-21 budget. “California has been the leader …continue reading
California State Treasurer Fiona Ma announced the results of the sale of $272.6 million of lease revenue bonds to fund a cutting-edge expansion of California State Teachers’ Retirement System (CalSTRS) headquarters in West Sacramento using innovative designs to achieve energy and resource savings while enhancing workforce well-being. The project is …continue reading
California State Treasurer Fiona Ma announced the results of the sale of $313.3 million of State Public Works Board (SPWB) lease revenue bonds. The bonds will provide funding for a Department of Forestry and Fire Protection (CalFire) project, four California Department of Corrections and Rehabilitation (CDCR) jail projects, and Health …continue reading